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New Job Opportunity Today
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[Guidance Overview]
New HIPAA Privacy Standards for Reproductive Health Care: Action Required by Employer Health Plans
"Covered entities must comply with the new privacy standards beginning on December 23, 2024. The delayed compliance date allows time for employers to revise HIPAA privacy policies, procedures, notices, and other HIPAA documentation, as well as train employees who work with
protected health information (PHI)." MORE >>
McAfee & Taft
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[Sponsor]
Enhance Your Skills with Online Training from Recognized Experts
Lorman Education Services leads the industry in providing the highest quality, cutting-edge educational seminars, products and information through various media. Discount for BenefitsLink readers -- learn more.
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What Increased Health Plan-Related Scrutiny Means for Plan Sponsors
"In order to establish a better fiduciary process, ... plan sponsors should: [1] Establish a health and welfare plan fiduciary committee and defining its duties and powers in a charter; [2] Document committee responsibilities and decisions in the charter and in
meeting minutes; [3] Develop committee processes for selecting medical third-party administrators and PBMs and monitor those on an ongoing basis; and [4] Report the compensation of consultants and brokers." MORE >>
PLANSPONSOR; free registration may be required
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The Role of Pharmacy Benefit Managers in Prescription Drug Markets (PDF)
51 pages. "As large health care conglomerates, some have argued that these PBMs' vertical integration with insurers and pharmacies would better position them to improve patient access and decrease the cost of prescription drugs. Instead, the opposite has occurred: patients
are seeing significantly higher costs with fewer choices and worse care.... This report describes the Committee on Oversight and Accountability's findings that PBMs inflate prescription drug costs and interfere with patient care for their own financial benefit." MORE >>
Committee on Oversight and Accountability, U.S. House of Representatives
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2024 Commercial Drug Trends
13 pages. "Pharmacy benefits costs continue to rise year over year, driven by a variety of factors such as novel treatments, consumer demand, and federal legislation.... Based on drug mix through 2023, [Milliman projects] an overall average wholesale price (AWP) increase between
13% and 17% annually among commercial plans from 2023 to 2025. " MORE >>
Milliman
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BlueCross BlueShield of Vermont Seeks to Raise 2025 Insurance Rates
"If accepted, the new request to state regulators would increase premiums for individual health plans by 21% and small group plans by 24% in 2025." MORE >>
VTDigger
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[Opinion]
House Oversight PBM Hearing, Report Demand Reforms and Enforcement
"Patient steering, self-dealing formularies, spread pricing, take-it-or-leave-it contracts, the fee-for-nothing scam … legislators have seen enough that the PBM-insurers can no longer obfuscate these important issues. We applaud the committee for its work and encourage its
members and the rest of their colleagues in Congress to finish the fight. Finalize PBM reform now and rein in these and other harmful PBM tactics" MORE >>
National Community Pharmacists Association [NCPA]
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Benefits in General |
Pennsylvania Federal Court Refuses to Enjoin FTC's Noncompete Rule, Creating Split in Federal Courts
"In a sharp departure from her Texas judicial counterpart, Judge Hodge concluded that a preliminary injunction would be improper because the plaintiffs in the Pennsylvania case had not demonstrated that they would suffer any irreparable harm in the absence of such relief....
Judge Hodge also opined that the plaintiffs in the Pennsylvania proceeding are unlikely to succeed in their substantive challenge to the Final Rule." [ATS Tree Services, LLC v. Federal Trade Commission, No. 24-1743 (E.D. Penn. Jul. 23, 2024)] MORE >>
Squire Patton Boggs
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Using AI to Adapt Your Communication Strategy and Drive Engagement
"[1] AI can be a great antidote for writer's block ... [W]hile AI can provide an excellent starting point, it lacks nuance and emotion.... [2] For employee questions, a chatbot offers answers in a conversational, straightforward way.... The tool is only as
helpful as the data used to build it.... [3] Some organizations use AI to analyze their population's HR data to effectively target messages.... Some organizations have limited the use of AI due to privacy or copyright concerns." MORE >>
Brown & Brown, Inc.
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Employee Benefits Jobs
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Press Releases |
Milliman Introduces Hueler Income Solutions® Think Income℠ Program for Retirement Plans
Milliman
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PensionPro and Payroll Integrations Simplify 401(k) Compliance Testing for Third-Party Administrators
PensionPro
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Webcasts and Conferences (Health & Welfare Plans) |
From ERISA to CAA: How Has Employer’s Fiduciary Responsibility Changed Over Time
RECORDED
McDermott Will & Emery LLP
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Last Issue's Most Popular Items |
Recent Supreme Court Opinions Likely to Impact Employee Benefit Plans
Willis Towers Watson
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Why Millions Are Trying FDA-Authorized Alternatives to Big Pharma's Weight Loss Drugs
KFF Health News
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Enforcement of ACA Transgender Care Regs Temporarily Blocked
Willis Towers Watson
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Copyright 2024 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.
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